BoJ to maintain current policy - BAML

FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch explained that they expect the Bank of Japan's Monetary Policy Board to maintain the current structure of monetary policy at its meeting 7-8 August.

Key Quotes

“Since the last meeting, although June export and industrial production data fell short of forecasts, Governor Kuroda indicated in his speech on 1 August that the BoJ maintains its optimistic outlook."

"In financial markets, share prices and the exchange rate have remained stable. The BoJ may well be vigilant regarding what could be called geopolitical risks, such as the Ukraine crisis, but it would seem they are not impacting the BoJ's economic or inflation outlooks significantly at this stage. Given these considerations, the BoJ does not appear to see any urgency that calls for additional action."

Aug 7, 2014

United States Consumer Credit Change came in at $17.26B below forecasts ($18.55B) in June